Sofia, 25 July 2006, Standard Newspaper
Deutsche Bank will invest EUR 10 mln. in building construction in the country. The investment division of the bank RREEF and the Bulgarian company Winslow Developments established joint-venture company. It plans the construction of two residential complexes in the capital with projected 700 apartment units. The joint venture company will be 88% owned by an investment fund managed by RREEF and 12% by Winslow. Winslow will act as the operating partner.